Tag: Crude oil
Nigerian Army Busts Illegal Bunkering Sites, Recovers 300,000 Litres of Crude Oil
Troops from 6 Division dismantled 13 illegal bunkering sites, recovering 300,000 litres of stolen petroleum products across four states The ...
Army Dismantles 13 Illegal Bunkering Sites, Seizes Over 300,000 Litres of Stolen Crude
Major General Emmanuel Eric Emekah, GOC of the 6 Division, warned criminals to abandon illicit activities and embrace lawful livelihoods ...
Nigeria made N50 trillion from crude oil in 2024
Nigeria produced a total of 408,680,457 barrels of crude oil in 2024 and, with the inclusion of condensate, total oil ...
Army Chief Orders Troops to Curb Illegal Oil Bunkering in One Month
Chief of Army Staff Lt. Gen. Olufemi Oluyede directed troops to reduce illegal oil bunkering significantly within one month to ...
Nigeria Proposes Ban on Foreign Currencies for Domestic Transactions
The bill proposes that all payments, including salaries and transactions, be made using the Naira A bill introduced in the ...
Work ongoing on P’Harcourt refinery’s second plant – Presidency
PHRC has two plants including the 60,000bpd facility, and the 150,000bpd plant Says refinery receives regular crude oil contrary to ...
Naira-for-crude deal: NNPC reneging on crude supply agreement – Dangote Refinery
He noted that the NNPCL hasn’t met the target to deliver a minimum of 385,000 bpd since the commencement of ...
Dangote refinery resumes purchase of crude oil from US
The latest development could mean that the naira-for-crude deal by the federal government fell through or that the refinery is ...
Nigeria Lost 8 Million Barrels of Crude Oil to Theft in 2023 – NEITI
NEITI reported that approximately 7.68 million barrels of crude oil were stolen or lost in 2023, marking a 79% decrease ...
Dangote Group Plans Crude Oil Production to Support $20bn Refinery
The Dangote Group plans to start crude oil production in Q4 2024 to support its $20 billion refinery, seeking FPSO ...
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